March 28, 2023 – Will Peck, Ryan Benton, Dennis Kelleher and John Pentore of Horvath & Tremblay have arranged the sale of the former Granite Town Motel in Milford, New Hampshire. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $725,000.
The property is located at 371 Elm Street in Milford, New Hampshire. The property consists of a vacant single-story building containing twelve (12) studio units with 3,032 square feet of living area in 3,600 square feet of total gross area on a 0.64-acre parcel with ample on-site parking. The Property features electric heat and propane fired hot water. The Property enjoys outstanding visibility and frontage along Elm Street (NH Route 101A), the area’s primary commercial and commuter corridor and is surrounded by the area’s primary retailers including a Market Basket, Shaw’s, Rite Aid, Dunkin’, and Wendy’s. The Property is also located within walking distance of Souhegan River, the Property is within 2-miles of downtown Milford, the town schools, and numerous parks and recreation areas like Keyes Memorial Park, Endicott Park, and Emerson Park.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.